Why Elizabeth Warren did not get the job
Contrary to all accounts I read, Ms. Warren did not become head of the agency she helped to create was due to factors imposed by Republicans not reported:
I was informed Tim Geithner did not like Ms. Warren, felt he could not work with her and felt she would be a threat to his position as U.S. Secretary of the Treasury and his pals on Wall Street and if Ms. Warren were recessed into the position, the Senate would vote to cut off funding.
It appears Republicans feel such an agency would serve the country better if were not under the custodial control of a singular individual and it appears the Obama administration dis-agrees.
Kudos to Ms. Bendery for a well written and highly informative article.
As always,
BB
Obama Ramps Up Pressure For Consumer Financial Protection Bureau Nominee
By Jennifer Bendery
Excerpt:
The Senate is lining up its vote on Obama's nominee, Richard Cordray, for Thursday. The president nominated the former Ohio attorney general for the slot in July, but his confirmation process has been beset by delays by Republicans, nearly all of whom signed a letter in May saying they would oppose any CFPB nominee until key changes at the agency are made. Among their demands: eliminating the director's position, creating an oversight board instead, and requiring the agency to be dependent on congressionally appropriated funds for its operating budget. Democrats have framed Republicans' criticisms as an attempt to undermine the agency's work altogether.
And
"Maybe instead of a PR campaign, they should work with Congress to fix the problems. But they haven't lifted a finger. They haven't talked with us about this at all. The President will talk to more reporters this week about the CFPB than he has to Republican senators."
Read more at:
http://www.huffingtonpost.com/2011/12/04/obama-launches-media-blitz_n_1128529.html
Among their demands: eliminating the director's position, creating an oversight board instead, and requiring the agency to be dependent on congressionally appropriated funds for its operating budget.
I was informed Tim Geithner did not like Ms. Warren, felt he could not work with her and felt she would be a threat to his position as U.S. Secretary of the Treasury and his pals on Wall Street and if Ms. Warren were recessed into the position, the Senate would vote to cut off funding.
It appears Republicans feel such an agency would serve the country better if were not under the custodial control of a singular individual and it appears the Obama administration dis-agrees.
Kudos to Ms. Bendery for a well written and highly informative article.
As always,
BB
Obama Ramps Up Pressure For Consumer Financial Protection Bureau Nominee
By Jennifer Bendery
Excerpt:
The Senate is lining up its vote on Obama's nominee, Richard Cordray, for Thursday. The president nominated the former Ohio attorney general for the slot in July, but his confirmation process has been beset by delays by Republicans, nearly all of whom signed a letter in May saying they would oppose any CFPB nominee until key changes at the agency are made. Among their demands: eliminating the director's position, creating an oversight board instead, and requiring the agency to be dependent on congressionally appropriated funds for its operating budget. Democrats have framed Republicans' criticisms as an attempt to undermine the agency's work altogether.
And
"Maybe instead of a PR campaign, they should work with Congress to fix the problems. But they haven't lifted a finger. They haven't talked with us about this at all. The President will talk to more reporters this week about the CFPB than he has to Republican senators."
Read more at:
http://www.huffingtonpost.com/2011/12/04/obama-launches-media-blitz_n_1128529.html
posted by BB at 10:37 PM
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